Vornado Realty Trust $VNO Shares Sold by Earnest Partners LLC

Earnest Partners LLC cut its stake in Vornado Realty Trust (NYSE:VNO) by 2.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,600,076 shares of the real estate investment trust’s stock after selling 57,501 shares during the quarter. Earnest Partners LLC’s holdings in Vornado Realty Trust were worth $105,381,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VNO. Norges Bank acquired a new position in shares of Vornado Realty Trust during the second quarter valued at approximately $665,094,000. JPMorgan Chase & Co. boosted its stake in shares of Vornado Realty Trust by 88.1% in the second quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust’s stock worth $191,371,000 after acquiring an additional 2,344,037 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Vornado Realty Trust by 27,787.3% in the third quarter. Pacer Advisors Inc. now owns 1,489,737 shares of the real estate investment trust’s stock worth $60,379,000 after acquiring an additional 1,484,395 shares during the last quarter. Resolution Capital Ltd purchased a new stake in shares of Vornado Realty Trust during the second quarter worth approximately $49,565,000. Finally, GRS Advisors LLC acquired a new position in Vornado Realty Trust in the 3rd quarter valued at $32,082,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $25.92 on Friday. Vornado Realty Trust has a one year low of $25.28 and a one year high of $43.37. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 1.38 and a beta of 1.53. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25. The business’s 50 day moving average price is $30.54 and its 200 day moving average price is $35.06.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The company had revenue of $453.71 million during the quarter, compared to analysts’ expectations of $440.23 million. During the same quarter in the previous year, the company earned $0.61 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. On average, research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Truist Financial dropped their target price on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Barclays reduced their target price on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. Wall Street Zen lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Mizuho dropped their price objective on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and a consensus target price of $37.90.

Vornado Realty Trust Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.